Health care reversed to the downside after Wednesday’s bounce higher. Leading exchange-traded funds from this sector lower ahead of Thursday’s trading was the ^XLV^.
Financials in general advanced, becoming more overbought above the 200-day moving average. ETFs in this category include the ^FAS^ and the ^IYF^.
Here are 7 ETFs You Need to Know for Thursday.
Among the exchange-traded funds (ETFs) taking top ETF PowerRatings into trading on Thursday are the ^RWX^ and the ^RSX^.
Among the biggest ETF PowerRatings upgrades on the day was the move from 5 to 8 in the ^EWT^.
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The most oversold ETF in our database? Energy and commodity funds continue to be among the most oversold. Two ETFs that high probability traders will be keeping their eyes on over the next few days are the ^RJI^ and the ^GLD^.
Despite pullbacks in many equity index ETFs, bond funds are increasingly being sold. Pulling back into oversold territory above the 200-day on Wednesday was the ^AGG^.
Among those exchange-traded funds that are increasingly overbought below the 200-day moving average is the ^DUG^.